It is a broadly described annual report of Jamuna Bank Limited in the year of 2012. During the financial year, The Bank was able to register a growth of 13.82% in its operating profit. Deposits & export business grew by 13% and 19% respectively. The Bank’s total Assets growth was from Tk. 8,717.00 Crore in 2011 to Tk. 10,986.00 Crore in 2012, an Increase of 26%. The total assets of the Bank as on 31st December 2012 rose to Tk. 109,678.51 million from Tk. 87,065.13 million as on 31st December 2011 which indicated 25.97% growth of assets over the preceding year. The net profit before tax of the bank was Tk. 2080.52 million as of 2012 which was Tk. 2470.01 million in 2011. The net interest income as on 31st December 2012 was Tk. 1839.20 million while it was Tk. 2162.85 million in 2011. Total tax provision including deterred tax was Tk. 1017.66 million in 2012 while it was Tk. 1127.46 million in 2011. The net profit after tax of the bank was Tk. 1049.05 million in 9019 while it was Tk. 1330.19 million in 2011.
The Board has recommended @14% cash dividend out of profits for the year ended on 31st December 2012 based on the Audited accounts for approval by the shareholders in the ensuing 12th Annual General Meeting. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of Jamuna Bank Limited:
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